Question: 4. A conversion of a face value $1 million convertible bond for $1 million of common stock would most likely be: A. reported as a
4. A conversion of a face value $1 million convertible bond for $1 million of common stock would most likely be:
A. reported as a $1 million investing cash inflow and outflow.
B. reported as a $1 million financing cash outflow and inflow.
C. reported as supplementary information to the cash flow statement.
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